Announced Mon, 6 Jul · 18:18 IST
Court orders BCCL to deposit about Rs 48 crore in workmen case
BHARATCOAL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-3.4%1-day move
₹38.29
prior close
₹38.40
base price
After-mkt
timing
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AI summary
Bharat Coking Coal disclosed the Jharkhand High Court has ordered the company to deposit about Rs 48.11 crore as arrears for regularising 75 workmen as General Mazdoors. The case stems from a 2000 Industrial Tribunal Award upheld against the firm at the Supreme Court. The board approved an initial deposit of about Rs 39.83 crore for submitted claims; the rest awaits identification of remaining workmen.
Likely market impact
Shareholders face an estimated Rs 48 crore cash outflow and ongoing litigation exposure. Modest one-time financial hit, no business impact expected.